The Toronto Star and other media report that Caterpillar Inc. has announced that it will close the Toronto plant that manufactures tunnel-boring machines or TBMs by the middle of next year. By closing the plant, Caterpillar is throwing more than 300 employees out of work.
In 2008, Caterpillar bought out a local company Lovat Inc., which made the TBMs that currently are drilling tunnels for the TTC’s project to extend the 1 Yonge - University - Spadina subway northwest from Downsview to Vaughan.
Caterpillar is also involved in delivering the TBMs that Metrolinx will use for the underground portion of the Eglinton Crosstown light rail transit line. According to the Star’s business reporter, John Spears, Caterpillar intends to continue to oversee the work of those TBMs until the end of the project.